The crypto industry continues to experience new innovations daily that expands its use in different sectors. For example, peer-to-peer payments have risen in the past five years, and there has been the development of new blockchains that aims to introduce novel financial concepts.
Bitcoin and Ethereum remain the most popular crypto but have faced the problems of scalability and high gas costs in recent years. As a result, there are now more cryptocurrencies currently than at any time in history, and most of them have been developed to solve existing problems.
BixBcoin is one of the new blockchain projects looking to foster the adoption of blockchain technology within its ecosystem.
BixBcoin has arrived
BixBcoin (BIXB) is a P-2-P cryptocurrency that enables holders to make financial transactions using blockchain technology. BixBcoin facilitates the transfer of value by using its native blockchain BIXB blockchain, which uses the Proof-of-Work consensus.
Proof-of-Work Cryptocurrencies >
Proof-of-Work is a consensus that enables the confirmation of new blocks via a mining system where miners solve complex mathematical questions for rewards in new tokens. It is the same consensus that is used in popular cryptocurrencies like Bitcoin, Ethereum and Litecoin.
Proof of Work vs Proof of Stake >
Miners on the BixBcoin blockchain network get up to 0.01 BIXB tokens for their mining activities and can begin mining via the mining pool. BixBcoin has leveraged its unique blockchain to develop novel products within its ecosystem. Some of which included the BIXB wallet, a non-custodial wallet where users can store their BIXB tokens. The wallet is multichain and available on Android, windows and web version.
Decentralized finance has also emerged as a thriving concept that has developed into a multi-billion dollar industry with over $70 billion locked in different smart contract protocols. BixBcoin has developed a decentralized lending protocol called ‘’Loanypto’’ that allows BIXB holders access low-interest loans.
Loanypto is built on BIXB blockchain and uses an automated system where users can choose different lending packages with an average APY of 5% on their collateral. BixBcoin also has an online payment gateway API. Merchants can integrate this API on their online stores and platforms to accept crypto payments. The payment gateway has a transaction fee of 0.01% and is secured by the BixBcoin blockchain network.
BIXB has been listed on Coinsbit, BIXB exchange and Hotbit. Holders on Hotbit can take part in the 90-day lockup official incentive plan. The program is similar to staking, and participants lock up their BIXB coins for 90-days for 60.6% APY.
The crypto world is an ever-evolving ecosystem and can benefit from new blockchain innovations that offer scalability and new solutions. BixBcoin can become a solid blockchain platform that can play a key role in fostering crypto adoption with its innovative ecosystem.